$1,200,000
$1M PRICE INCREASE

Estimated payment $7,246/month

Total Views 7,126
8 Beds
7 Baths
7,280 Sq Ft
$165 Price per Sq Ft

Highlights

  • Senior Community
  • Ceiling Fan
  • Heating Available

About This Home

This turn key 7 unit offers 6-(1) bedroom apartments 2 of which have walk out decks and 1 of which has a separate entrance-2 story 1 bedroom unit with w/d hook up and designated parking for one car & 1-(2) bedroom unit. All have separate water meters. Tenants pay their own electric and each unit has its own meter. This property generates $77,700 of yearly rental income & Rents are well below fair market value they should be in the $1,100-$1,400 range but all tenants pay on time and are easy to work with. Apartment 1- $800 2-$800 3-$1,100 4- $800 5-$900 6-$775 7-$1,300 This property has a central staircase that has two units on each floor. ALL units have an additional exit door that has access to an all enclosed rear emergency exit staircase inside the building. All city utilities. The property has virtually no snow nor landscape expenses. The owner meter is $35 per month and is for a single entrance electric baseboard heater. Unit 3 has been totally done over, Unit 7 has been significantly upgraded. New bathroom in 5 and windows. New water heaters in 5 and 6.

Last Listed By

Jason Kocsis

Coldwell Banker Heritage R E Listed on: 04/01/2025

Coldwell Banker Heritage R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,504

Year Built

  • Built in 1950

Lot Details

  • 5,320 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 7,280 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number E8NE2D 59 3 0625

Community Details

Overview

  • Senior Community
  • 7 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $2,000
  • Operating Expense $2,500
  • Gross Income $77,700
  • Net Operating Income $72,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,504

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Complex
  • County Assessment: 80700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1950
  • Adult Comm55 Over Y N: Yes
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 8
  • Square Footage: 7280

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking Spaces: 1

Utilities

  • Cooling: Ceiling Fans, No Air
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Electric: 300
  • Insurance: 2000

Condo/Co-op/Association

  • Lawn Snow Removal: 200

Fee Information

  • Operating Expense: 2500

Schools

  • School District: Pen Argyl

Lot Info

  • Acres: 0.122
  • Lot Sq Ft: 5320
  • Zoning Code: IL-LIGHT INDUSTRIAL, COMMERCIAL

Tax Info

  • Assessor Parcel Number: E8NE2D 59 3 0625
  • County Taxes: 871.56
  • Municipal Taxes: 1049.10
  • Total Taxes: 6504.42

Multi Family

  • School Taxes: 4583.76
  • Total Units: 7
  • Total Unit Count: 7

MLS Schools

  • School District: Pen Argyl

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $120,000 0.0% $16 / Sq Ft
06/13/2024 06/13/24 Under Contract -- -- --
06/10/2024 06/10/24 Rented $1,300 +4.0% --
05/09/2024 05/09/24 For Rent $1,250 +4.6% --
10/01/2023 10/01/23 Rented $1,195 0.0% --
09/13/2023 09/13/23 Under Contract -- -- --
08/29/2023 08/29/23 Price Changed $1,195 -7.7% $0 / Sq Ft
08/16/2023 08/16/23 Price Changed $1,295 -7.2% $0 / Sq Ft
07/27/2023 07/27/23 Price Changed $1,395 -7.0% $0 / Sq Ft
07/12/2023 07/12/23 For Rent $1,500 0.0% --
12/27/2019 12/27/19 Sold $310,000 -17.3% $58 / Sq Ft
11/24/2019 11/24/19 Pending -- -- --
10/29/2019 10/29/19 Price Changed $374,900 -6.3% $70 / Sq Ft
10/15/2019 10/15/19 Price Changed $399,900 -9.1% $74 / Sq Ft
09/03/2019 09/03/19 For Sale $439,900 -- $82 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 754811

Greater Lehigh Valley REALTORS®